CareersIN THE NEWS | BUSINESS SERVICES AND TAX & WEALTH MANAGEMENT | JANUARY 2025
ESOPs: The business succession solution
Walter Haverfield partners Jacob Derenthal and Sebastian Pascu discuss the benefits of an employee stock ownership plan (ESOP) in the Crain’s Cleveland Business article entitled, “ESOPs: The business succession solution.”
Among the benefits noted in the article, the authors note, “Transitioning a closely-held business to an ESOP-owned structure provides current owners with financial liquidity together with tax benefits to the sellers and the company alike.”
A link to the full article, included in the Annual ACG Cleveland Special Report on Middle-Market M&A, can be found below:
“ESOPs: The business succession solution,” Crain’s Cleveland Business (January 13, 2025)
If you have any questions regarding the matters covered in this article, please reach out to the lawyer(s) listed below or your usual Walter Haverfield contact.
Jacob Derenthal | Partner & Chair | Business Services | 216.928.2933 | jderenthal@walterhav.com
Sebastian Pascu | Partner & Chair | Tax & Wealth Management | 216.619.7870 | spascu@walterhav.com
Walter Haverfield
Founded in 1932, Walter Haverfield is a leading business law firm located in Cleveland and Columbus. The firm is continually recognized for providing sophisticated transactional and litigation guidance to publicly traded companies and privately held businesses, as well as financial institutions, private equity sponsors, executives, and high-net-worth individuals.
This communication is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions.